L & S Advisors Inc trimmed its holdings in shares of Splunk Inc (NASDAQ:SPLK) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,250 shares of the software company’s stock after selling 945 shares during the quarter. L & S Advisors Inc’s holdings in Splunk were worth $865,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc increased its position in shares of Splunk by 0.3% during the third quarter. Vanguard Group Inc now owns 12,476,788 shares of the software company’s stock worth $1,508,569,000 after purchasing an additional 37,885 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Splunk by 7.6% during the third quarter. JPMorgan Chase & Co. now owns 3,122,059 shares of the software company’s stock worth $377,486,000 after purchasing an additional 219,247 shares in the last quarter. FIL Ltd increased its position in shares of Splunk by 182.3% during the third quarter. FIL Ltd now owns 1,565,684 shares of the software company’s stock worth $189,307,000 after purchasing an additional 1,011,095 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Splunk by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 1,338,165 shares of the software company’s stock worth $140,208,000 after purchasing an additional 42,563 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Splunk by 37.6% during the fourth quarter. Hsbc Holdings PLC now owns 1,278,350 shares of the software company’s stock worth $134,036,000 after purchasing an additional 349,380 shares in the last quarter. 93.95% of the stock is owned by institutional investors and hedge funds.
In related news, Director Mark T. Carges sold 2,105 shares of the stock in a transaction dated Monday, January 7th. The stock was sold at an average price of $110.00, for a total transaction of $231,550.00. Following the transaction, the director now owns 13,168 shares of the company’s stock, valued at approximately $1,448,480. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Patricia Morrison sold 5,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $134.44, for a total value of $672,200.00. Following the transaction, the director now directly owns 26,359 shares in the company, valued at approximately $3,543,703.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,853 shares of company stock worth $3,929,076. 0.36% of the stock is owned by corporate insiders.
SPLK traded up $0.72 during mid-day trading on Friday, hitting $127.14. 22,837 shares of the stock were exchanged, compared to its average volume of 1,796,005. Splunk Inc has a 1-year low of $83.69 and a 1-year high of $143.70. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.14. The firm has a market cap of $18.81 billion, a price-to-earnings ratio of -80.05 and a beta of 2.05.
SPLK has been the subject of several analyst reports. BidaskClub cut Splunk from a “buy” rating to a “hold” rating in a report on Friday. Wedbush dropped their target price on Splunk from $136.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, November 30th. Zacks Investment Research cut Splunk from a “buy” rating to a “hold” rating in a report on Friday, December 7th. Mizuho initiated coverage on Splunk in a report on Wednesday. They issued a “buy” rating and a $150.00 target price for the company. Finally, Cowen restated a “buy” rating and issued a $133.00 target price on shares of Splunk in a report on Sunday, December 2nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Splunk has a consensus rating of “Buy” and an average target price of $141.94.
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Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.
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